Solana User Activity Plummets Amid Memecoin Decline

Solana’s active addresses have fallen to a 12-month low of 3.3 million, reflecting the slowdown in memecoin trading and a broader shift towards sustainable applications within the blockchain ecosystem. While volume has declined on platforms like Pump.fun, Solana is evolving beyond its memecoin roots with growing interest in decentralized exchanges, real-world asset tokenization, and prediction markets.